New York Magazine has a mildly interesting story on why the art market can't crash and points out that it probably will anyway.
Of course, if a market can't crash, its not a market then is it? The article actually has some insightful reasons as to why the art market will likely stay robust for some time and its definitely worth a read.
By the way, the article lists three artists who likely will survive the next crash: John Baldessari, Takashi Murakami and Thomas Ruff.
FYI: It was Mark Stevens for New York Magazine, NOT New Yorker. And his thesis is that the market WILL crash.
Posted by: anonymous | April 07, 2006 at 06:55 PM
I havent read the article but recent have been considering taking out my 401k and buying art with it. Support artists, enrich my personal space, and hopefully make money in the future.
Posted by: AARON TUCKER | April 13, 2006 at 10:01 PM
My ultimate goal as a CPA is to figure how to make a strucutre that would work like a 401(k) AND would let me use the funds to buy art with!
Posted by: Erik Schneider | April 14, 2006 at 03:00 PM